APPRO-TECHNO
ActiveSummary
APPRO-TECHNO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,233 and a net result of -€96,229. Equity is shrinking by ~24.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency28▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.2 against 2.81 in 2024; short-term debt: 23.1% and cash: 1.5% of total assets), but 97.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-16.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11472 sector peers (2025).
NBB · sector comparisonPosition among 11472 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
73 d early
2023
41 d early
2022
49 d early
2021
48 d early
2020
51 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Couvin, Wholesale and retail trade sector
Equity
€17,233
2024 · -€52,738
Total assets
€589,967▼ 12.9%
2024 · €677,192
Net result
-€96,229▲ 58.1%
2024 · -€229,869
Working capital
€299,689▼ 0.1%
2024 · €300,103
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€135,691€46,129€11,066▼ 76.0%-€226,086-€88,491▲ 60.9%
Net result-€139,976€33,235€4,984▼ 85.0%-€229,869-€96,229▲ 58.1%
Equity€146,373▼ 49.2%€178,680▲ 22.1%€182,737▲ 2.3%-€52,738€17,233
Total assets€599,805▲ 4.1%€603,050▲ 0.5%€623,794▲ 3.4%€677,192▲ 8.6%€589,967▼ 12.9%
Debt€348,001▲ 90.5%€318,939▼ 8.4%€335,627▲ 5.2%€624,499▲ 86.1%€572,735▼ 8.3%
Working capital€244,857▼ 22.9%€313,015▲ 27.8%€296,272▼ 5.3%€300,103▲ 1.3%€299,689▼ 0.1%
Staff (FTE)2=2=1.2▼ 40.0%2.8▲ 133%2.7▼ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +58% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88,491 in 2025 against €226,086 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589,967
Fixed assets
€153,818 ▼ 27.1%
Current assets
€436,150 ▼ 6.4%
Equity and liabilities €589,967
Equity
€17,233
Debt
€572,735
Debt finances 97.1% of the balance-sheet total.
Key figures and ratios
EBITDA
-€29,948▲
2024 · -€170,048
Cash flow
-€37,686▲
2024 · -€173,831
Current ratio
3.20▲
2024 · 2.81
Quick ratio
1.15▲
2024 · 0.38
Debt to equity
33.23▲
2024 · -11.84
ROE
-558.4%
ROA
-16.3%▲
2024 · -33.9%
Interest coverage
-3.94▲
2024 · -18.03
Debt ≤ 1 year
€136,461▼
2024 · €166,028
Debt > 1 year
€434,834▼
2024 · €455,266
Income taxes
€144▲
2024 · €137
Staff costs
€141,998▼
2024 · €152,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.7%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,553 | - | €107,978 | - |
| Remuneration, social security and pensions62 | €76,027 | €58,574 | €58,879 | €152,723 | €141,998 | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,206 | €38,030 | €53,621 | €56,038 | €58,543 | ▲ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€8,454 | €1,944 | -€3,712 | - | €21,375 | - |
| Other operating charges640/8 | €6,105 | €5,998 | €9,382 | €6,286 | €6,521 | ▲ 3.7% |
| Non-recurring operating charges66A | €7,630 | - | - | - | - | - |
| Gross operating margin9900 | -€18,176 | €150,674 | €129,237 | -€11,038 | €139,947 | ▲ 1,368% |
| Operating profit (loss)9901 | -€135,691 | €46,129 | €11,066 | -€226,086 | -€88,491 | ▲ 60.9% |
| Financial income75/76B | €1,695 | €1,696 | €1,930 | €5,782 | - | - |
| Recurring financial income75 | €1,695 | €1,696 | €1,930 | €5,782 | - | - |
| Financial charges65/66B | €5,980 | €14,064 | €7,870 | €9,429 | €7,594 | ▼ 19.5% |
| Recurring financial charges65 | €5,980 | €14,064 | €7,870 | €9,429 | €7,594 | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | -€139,976 | €33,761 | €5,127 | -€229,733 | -€96,085 | ▲ 58.2% |
| Income taxes67/77 | - | €527 | €142 | €137 | €144 | ▲ 5.2% |
| Profit (loss) for the period9904 | -€139,976 | €33,235 | €4,984 | -€229,869 | -€96,229 | ▲ 58.1% |
| Profit (loss) for the period to be appropriated9905 | -€139,976 | €33,235 | €4,984 | -€229,869 | -€96,229 | ▲ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €599,805 | €603,050 | €623,794 | €677,192 | €589,967 | ▼ 12.9% |
| Fixed assets21/28 | €223,232 | €229,607 | €235,506 | €211,061 | €153,818 | ▼ 27.1% |
| Tangible fixed assets22/27 | €223,232 | €229,607 | €235,506 | €211,061 | €153,818 | ▼ 27.1% |
| Land and buildings22 | €136,979 | €119,382 | €103,893 | €114,892 | €99,920 | ▼ 13.0% |
| Plant, machinery and equipment23 | €85,998 | €65,705 | €53,400 | €32,123 | €9,946 | ▼ 69.0% |
| Furniture and vehicles24 | €254 | €116 | €42,689 | €37,403 | €26,191 | ▼ 30.0% |
| Leasing and similar rights25 | - | €44,405 | €35,524 | €26,643 | €17,762 | ▼ 33.3% |
| Current assets29/58 | €376,573 | €373,443 | €388,288 | €466,131 | €436,150 | ▼ 6.4% |
| Stocks and contracts in progress3 | €273,086 | €281,497 | €296,918 | €402,410 | €278,823 | ▼ 30.7% |
| Stocks30/36 | €273,086 | €281,497 | €296,918 | €300,329 | €278,823 | ▼ 7.2% |
| Contracts in progress37 | - | - | - | €102,081 | - | - |
| Amounts receivable within one year40/41 | €93,225 | €82,326 | €82,426 | €51,104 | €144,684 | ▲ 183% |
| Trade receivables40 | €92,291 | €76,987 | €69,976 | €40,604 | €136,091 | ▲ 235% |
| Other amounts receivable41 | €934 | €5,339 | €12,450 | €10,500 | €8,593 | ▼ 18.2% |
| Current investments50/53 | €68 | €68 | €68 | €67 | €67 | ▼ 0.2% |
| Cash at bank and in hand54/58 | €6,863 | €660 | €4,065 | €12,322 | €8,964 | ▼ 27.2% |
| Deferred charges and accrued income490/1 | €3,330 | €8,892 | €4,812 | €227 | €3,611 | ▲ 1,489% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €599,805 | €603,050 | €623,794 | €677,192 | €589,967 | ▼ 12.9% |
| Equity10/15 | €146,373 | €178,680 | €182,737 | -€52,738 | €17,233 | ▲ 133% |
| Contributions10/11 | €264,120 | €264,120 | €264,120 | €264,120 | €430,320 | ▲ 62.9% |
| Reserves13 | €14,768 | - | - | - | - | - |
| Non-distributable reserves130/1 | €8,998 | - | - | - | - | - |
| Reserves not available under the articles1311 | €8,998 | - | - | - | - | - |
| Distributable reserves133 | €5,770 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€139,976 | -€91,973 | -€86,989 | -€316,858 | -€413,087 | ▼ 30.4% |
| Investment grants15 | €7,461 | €6,533 | €5,606 | - | - | - |
| Provisions and deferred taxes16 | €105,430 | €105,430 | €105,430 | €105,430 | - | - |
| Provisions for liabilities and charges160/5 | €105,430 | €105,430 | €105,430 | €105,430 | - | - |
| Pensions and similar obligations160 | €105,430 | €105,430 | €105,430 | €105,430 | - | - |
| Amounts payable17/49 | €348,001 | €318,939 | €335,627 | €624,499 | €572,735 | ▼ 8.3% |
| Amounts payable after more than one year17 | €216,286 | €254,224 | €239,929 | €455,266 | €434,834 | ▼ 4.5% |
| Financial debts170/4 | €128,786 | €254,224 | €239,929 | €58,266 | €37,834 | ▼ 35.1% |
| Other amounts payable178/9 | €87,500 | - | - | €397,000 | €397,000 | = |
| Amounts payable within one year42/48 | €131,715 | €60,428 | €92,016 | €166,028 | €136,461 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | €27,482 | €33,056 | €33,831 | €34,664 | €20,431 | ▼ 41.1% |
| Financial debts43 | €23,248 | - | €6,678 | €31,496 | - | - |
| Credit institutions430/8 | €23,248 | - | €6,678 | €31,496 | - | - |
| Trade debts44 | €71,467 | €10,823 | €44,097 | €53,336 | €75,835 | ▲ 42.2% |
| Suppliers440/4 | €71,467 | €10,823 | €44,097 | €53,336 | €75,835 | ▲ 42.2% |
| Advances received on contracts in progress46 | - | - | - | €12,540 | €12,540 | = |
| Taxes, remuneration and social security45 | €6,231 | €3,615 | €4,938 | €22,805 | €18,968 | ▼ 16.8% |
| Taxes450/3 | - | €188 | €142 | €137 | €141 | ▲ 3.1% |
| Remuneration and social security454/9 | €6,231 | €3,426 | €4,796 | €22,668 | €18,827 | ▼ 16.9% |
| Other amounts payable47/48 | €3,287 | €12,935 | €2,471 | €11,187 | €8,687 | ▼ 22.4% |
| Accrued charges and deferred income492/3 | - | €4,287 | €3,682 | €3,206 | €1,439 | ▼ 55.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€139,976 | €33,235 | €4,984 | -€229,869 | -€96,229 | ▲ 58.1% |
| + Depreciation and write-downs630 | €36,206 | €38,030 | €53,621 | €56,038 | €58,543 | ▲ 4.5% |
| Operating cash flow (approximation) | -€103,770 | €71,265 | €58,606 | -€173,831 | -€37,686 | ▲ 78.3% |
| Investment in fixed assets (approximation) | - | -€44,405 | -€59,520 | -€31,593 | -€1,300 | ▲ 95.9% |
| Change in cash | - | -€6,203 | €3,405 | €8,257 | -€3,357 | ▼ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€229,869
Net result drops to -€229,869, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €33,235
Net result €33,235 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 6.18
Current ratio from 2.86 to 6.18; short-term debt falls from €131,715 to €60,428.
31-12
Financial
Equity above €150,000Eq €178,680 ▲22.1%
Equity rises from €146,373 to €178,680.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €780
Net result €780 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Couvin · 1 establishment unit since 1986
Ground area
7,519 m²
Building footprint
224 m²
Parcel 93015G0162/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
APRO-TECHNO SPRL
since 19862.037.379.288
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93015G0162/00E000 | Wallonia | 7,519 m² | 1 · 224 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0420.290.805
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Of 828 companies in sector 46620 we hold annual accounts for 642. 138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-04-1986
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
46620Wholesale of machine tools
25110Manufacture of metal structures and parts of structures
28299Manufacture of machinery and equipment not elsewhere classified
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428801960
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.